NOT LISTED FOR SALE

2237 S Virginia Dare Trail Nags Head, NC 27959

Estimated Value: $1,929,000 - $3,473,000

8 Beds
8.5 Baths
5,279 Sq Ft
$531/Sq Ft Est. Value

Last Sold March 19, 2012

Last sale price $1,425,000 $270 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $15,363/month

4 Days on Market

Highlights

  • Beach Front
  • Coastal Architecture
  • Furnished
  • Ocean View
  • Wooded Lot

About This Home

As of March 2012

This home is located at 2237 S Virginia Dare Trail, Nags Head, NC 27959 since 29 February 2012 and is currently estimated at $2,800,949, approximately $530 per square foot. This property was built in 2003. 2237 S Virginia Dare Trail is a home located in Dare County with nearby schools including Nags Head Elementary School, Manteo Middle School, and Manteo High School.

Last Agent to Sell the Property

Jane Ford

Ford Luxury Properties, LLC License #212824 Listed on: 02/29/2012

Co-Listed By

Michele Clark

Resort Realty - NH License #189504

Last Buyer's Agent

Jane Ford

Ford Luxury Properties, LLC License #212824 Listed on: 02/29/2012

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,407

Year Built

  • Built in 2003

Lot Details

  • Beach Front
  • Wooded Lot

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 5,279 Sq Ft Home
  • Furnished
  • Ocean Views

Bedrooms and Bathrooms

  • 8 Bedrooms

Parking

  • Paved Parking
  • Off-Street Parking

Community Details

  • Nags Head Shores Subdivision

Listing and Financial Details

  • Legal Lot and Block lot 3 / A

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,407

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Heated Sq Ft: 5279
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Waterfront Location: Oceanfront
  • Zoning: R
  • Deed Book Pg Number: 0364
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 8
  • Foundation: Piling
  • Full Bathrooms: 8
  • Furnishings Available: Yes
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame
  • Exterior: Cement Fiber Board
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Off Street

Lot Info

  • Lot Description: Beach Frontage, Wooded
  • Lot Faces: E
  • Lot Size: 50xMHW
  • Lot Number: lot 3
  • Deed Book: 1854

Rental Info

  • Est Annual Rental Income: 147980
  • Estimated Rental Performance: 0.1038
  • Other Expenses: 1227800
  • Rental Co: Kitty Hawk Rentals

Building Info

  • Year Built: 2003

Multi Family

  • No. of Units: 1

Tax Info

  • Year: 2011
  • Taxes: 8407

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 29, 2012
Closed on
Mar 19, 2012
Sold by
Wyndie Crest Development Lllp
Bought by
The Carolinian Llc
Seller's Agent
Jane Ford
Ford Luxury Properties, LLC
Buyer's Agent
Jane Ford
Ford Luxury Properties, LLC
List Price
$1,495,000
Sold Price
$1,425,000
Premium/Discount to List
-$70,000
-4.68%
Current Estimated Value
$2,800,949

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,375,949
Avg. Annual Appreciation
5.09%

Purchase Details

Closed on
Jan 10, 2011
Sold by
Obx Ii Llc
Bought by
Wyndie Crest Development Lllp

Purchase Details

Closed on
Sep 25, 2009
Sold by
Graystone One Llc
Bought by
Obx Ii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,280,000
Interest Rate
6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 12, 2005
Sold by
Jockey S Ridge Haven Llc
Bought by
Graystone One Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,300,000
Interest Rate
6.28%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
The Carolinian Llc $1,425,000 None Available
Wyndie Crest Development Lllp $1,225,000 None Available
Obx Ii Llc $2,725,000 None Available
Graystone One Llc $2,300,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Obx Ii Llc $1,280,000
Previous Owner Graystone One Llc $2,300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/19/2012 03/19/12 Sold $1,425,000 -4.7% $270 / Sq Ft
03/04/2012 03/04/12 Pending -- -- --
02/29/2012 02/29/12 For Sale $1,495,000 -- $283 / Sq Ft
Source: Outer Banks Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,084 $3,023,500 $1,750,200 $1,273,300
2024 $6,369 $1,741,500 $923,000 $818,500
2023 $6,369 $1,774,240 $923,000 $851,240
2022 $7,106 $1,774,240 $923,000 $851,240
2021 $5,190 $1,774,240 $923,000 $851,240
2020 $11,042 $1,774,240 $923,000 $851,240
2019 $6,340 $1,315,000 $636,700 $678,300
2018 $6,340 $1,315,000 $636,700 $678,300
2017 $6,340 $1,315,000 $636,700 $678,300
2016 $5,800 $1,315,000 $636,700 $678,300
2014 $3,630 $1,312,500 $636,700 $675,800
Source: Public Records

Agents Affiliated with this Home

  • Jane Ford

    Seller's Agent in 2012

    Jane Ford

    Ford Luxury Properties, LLC

    (252) 599-0055

    1 in this area

    6 Total Sales

    Jane Ford
    Section Image
  • Michele Clark

    Seller Co-Listing Agent in 2012

    Michele Clark

    Resort Realty - NH

    (252) 305-2478

    1 in this area

    16 Total Sales

    Michele Clark
    Section Image
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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 73819

Outer Banks Association of REALTORS®

APN: 006678004

North Carolina Dare County Nags Head 27959

2237 S Virginia Dare Trail, Nags Head, NC

This home is located at 2237 S Virginia Dare Trail, Nags Head, NC 27959 since 29 February 2012 and is currently estimated at $2,800,949, approximately $530 per square foot. This property was built in 2003. 2237 S Virginia Dare Trail is a home located in Dare County with nearby schools including Nags Head Elementary School, Manteo Middle School, and Manteo High School.

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